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20121121
20121121
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FOX Business
Nov 21, 2012 6:00pm EST
particularly florida. some states in the northeast ans midwest. that is a challenge. people going through that process and the local markete pp because the foreclosures willro lay down on homcee prices.l waio gerri: a lot of talk about doina something to make fannie mae and freddie mac work better, get rid of them. what do you think is the right i solution? >> that is a big long-term question that the obama andrm qo dministrations will have to deal with. [inaudible conversations] to deal with. right now, the government is involved in guaranteeing and investing an investing in a vast majority of new mortgages. the transitions are so important. you can just take the government out of housing suddenly because the mortgage market would come to a halt. the biggest question is what happens with mortgage regulations at the end of january? new rules will be issued around what they deem a borrower able to repay. it could have to do with what banks are willing to write. gerri: do think that will make a big difference to consumers? they are selling it as you''re going to have this misinformation yoo
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